View Policies Current Attempt in Progress Sandhill Company is considering investing in an annuity contract that will return $29,500 annually at the end of each year for 12 years. Click here to view the factor table, (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount should Sandhill Company pay for this investment if it earns an 8% return? (Round answer to 2 decimal places, e.g. 25.25.) Sandhill Company should pay